1. Russia is in the Top 4 producers in the world of coal, gas, & oil.
Since Russia's brutal invasion of Ukraine on 24.2.22, & the consequent sanctions later in 2022, against most Russian fossil fuel imports etc. by major western etc. democracies, geopolitical considerations are very important when examining likely price movements in coal, gas, & oil (which had major price increases, of course, after the invasion).
The International Criminal Court has already ruled that Russia has committed "Terrorist" acts in Ukraine (with, possibly, more legal actions in the future, of claims that Russia is commting "genocide"- if it meets the legal definition of "genocide").
The EU Parliament has already voted that Russia Is a State Sponsor of Terrorism.
The war in Ukraine, & Ukraine's fierce resistance, is therefore a major factor in the geopolitical influences on fossil fuel prices.
2. The EU J. Borrell 26.6.24 said
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